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What is the minimum contribution amount I can make on a per payment basis?

April 26, 2017basis contribution minimum payment

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What is the minimum contribution amount I can make on a per payment basis?

2 Answers

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You can make regular contributions to your CSP for as little as $25 on a semi-monthly basis or $50 on a monthly basis. However, your fund contributions must reach a minimum of $500 within 10 months and your quarterly minimum must reach $150 for both of these payment options. If your CSP is in a BMO MatchMaker® or Intuition® portfolio, your minimum monthly contribution is $100 and you must reach a minimum sum of $1,000 within 10 months. If your CSP is in our BMO Premium Money Market Fund, your minimum monthly contribution is $1,500. If your CSP is in a BMO FundSelect™ portfolio, your minimum monthly contribution is $100 for 10 months. If your CSP is in our BMO CustomSelect portfolio your minimum contribution is $250.

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Posted

You can make regular contributions to your CSP for as little as $25 on a semi-monthly basis or $50 on a monthly basis. However, your fund contributions must reach a minimum of $500 within 10 months and your quarterly minimum must reach $150 for both of these payment options.